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As of December 31, 2019 and 2018, accrued liabilities and other current liabilities consisted of the following (in millions):
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December 31, |
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December 31, |
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2019 |
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2018 |
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Accrued purchases (1) |
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$ |
638 |
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$ |
394 |
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Payroll and related costs |
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|
466 |
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|
|
449 |
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Taxes payable (2) |
|
|
611 |
|
|
|
348 |
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Accrued interest |
|
|
86 |
|
|
|
78 |
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Financing obligation, current portion |
|
|
57 |
|
|
|
62 |
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Accrued warranty, current portion |
|
|
344 |
|
|
|
201 |
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Sales return reserve, current portion |
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|
272 |
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|
|
108 |
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Build-to-suit lease liability, current portion |
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— |
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|
82 |
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Operating lease right-of-use liabilities, current portion |
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|
228 |
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— |
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Other current liabilities |
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|
203 |
|
|
|
372 |
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Total |
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$ |
2,905 |
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$ |
2,094 |
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(1) |
Accrued purchases primarily reflects receipts of goods and services that we had not been invoiced yet. As we are invoiced for these goods and services, this balance will reduce and accounts payable will increase. |
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(2) |
Taxes payable includes value added tax, sales tax, property tax, use tax and income tax payables. |
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